Monday, April 1, 2013

Balancing the Economy: Bottoms Up

With China being considered one of the largest economic forces in the world, their statistical data is now being questioned.  Many countries outside China have always chosen to take their GDP, inflation rates, growth rates, etc with a grain of salt.  Now two economists from Morgan Stanley have decided to try to find their own data to estimate these statistics.  They are finding that the governments estimates are significantly off.  The government has left out major portions of the economy including online shopping and gaming, etc. This has major economic impact across the globe.

http://www.economist.com/news/china/21574503-consumption-china-may-be-much-higher-official-statistics-suggest-bottoms-up

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